All depositors in Silicon Valley Bank and Signature Bank would get access to their money on Monday. In the event that that isn't enough, there is this fund called the deposit insurance fund which is collected and run by the Federal Deposit Insurance Corporation. What you're likely to see happen is for banks to have to top up that fund in the event that there is a drawdown on it. The longer term risk is what would happen if Silicon Valley bank went away. It made loans to companies that maybe other banks wouldn't look at because it's sort of hard to lead into these tech startups but they don't have any assets.
An old-fashioned bank run has caused American regulators to intervene in a big way to save the bank’s depositors. We ask what went wrong, and what risks the fix will pose. Today America, Australia and Britain will cement a military alliance designed to confront an increasingly assertive China. And an Ethiopian prince buried among English kings reignites questions about cultural restitution.
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